8.3 Early Morning Analysis
The big coin touched 114,000 yesterday, currently oscillating around 112,900. From a technical perspective, the key support level of 113,000 has been effectively broken, the Bollinger Bands are continuously expanding, indicating a downward trend momentum, and the oscillation range is further released.
On the hourly chart level, it is running along the lower Bollinger Band, with the oscillation head showing significant dominance, and the slow accumulation pattern continues, with no clear reversal signal observed.
Switching to the 4-hour cycle, the downward structure is complete, and there is still room for extension under the support of volume. It is recommended to counter-trend for oscillation.
Recommendations
Big Coin: Oscillate around 113,500-114,300, target 112,300-111,600
Secondary Coin: Oscillate around 3,455-3,475, target 3,420-3,380
